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Navigating Behavioral Finance in Retirement
Manage episode 464245926 series 2965563
In this episode of Money Matters USA, Fred Saide delves into the concept of behavioral finance and its implications for retirement planning. He explains how psychological factors and cognitive biases influence financial decisions, often leading to irrational choices. The discussion covers various biases such as anchoring, loss aversion, and overconfidence, and emphasizes the importance of understanding these biases to make informed retirement decisions. Fred also provides strategies for managing emotions and staying focused on financial goals, highlighting the need for personalized retirement planning and regular reassessment of financial strategies.
Reach Fred at 800-593-8188.
See omnystudio.com/listener for privacy information.
102 odcinków
Manage episode 464245926 series 2965563
In this episode of Money Matters USA, Fred Saide delves into the concept of behavioral finance and its implications for retirement planning. He explains how psychological factors and cognitive biases influence financial decisions, often leading to irrational choices. The discussion covers various biases such as anchoring, loss aversion, and overconfidence, and emphasizes the importance of understanding these biases to make informed retirement decisions. Fred also provides strategies for managing emotions and staying focused on financial goals, highlighting the need for personalized retirement planning and regular reassessment of financial strategies.
Reach Fred at 800-593-8188.
See omnystudio.com/listener for privacy information.
102 odcinków
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